Austrian Regulator Says No Extra Actions Required on Lenders

Austrian’s financial regulator said there aren’t any additional actions required regarding the country’s lenders, Co-Chief Helmut Ettl said in Vienna today.

“There is no action needed,” Ettl told reporters today following a meeting between Austria’s Chancellor Werner Faymann, Vice Chancellor Michael Spindelegger, Finance Minister Maria Fekter and Central Bank Governor Ewald Nowotny on the Alpine republic’s banks.

The meeting took place three day’s after Standard & Poor’s cut Austria’s AAA rating to AA+ with a negative outlook.

“We will make every effort to win back the AAA rating,” Ettl said.

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